Which of the following topics would be studied under microeconomics?
A) The level of national unemployment.
B) The growth rate of GNP.
C) The effects of aggregate inflation.
D) The profit-maximizing behaviour of a firm.
Correct Answer:
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Q1: The opportunity cost of producing an extra
Q2: To deal with the problem of scarcity,
Q3: How is a recession likely to be
Q5: Which of the following statements best describes
Q6: Which of the following pertains to macroeconomics?
A)
Q7: The production possibility frontier shows _.
A) the
Q8: _ provide(s) companies with ?nancial backing that
Q9: The production possibility frontier has a negative
Q10: _ is the factor of production comprising
Q11: A point beyond the production possibility frontier:
A)
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